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8-4 Estimation Sample Size

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Presentation on theme: "8-4 Estimation Sample Size"— Presentation transcript:

1 8-4 Estimation Sample Size

2 Looking at the error as the limiting factor..
If E is determined to be a certain amount, then by solving the equation

3 Looking at the error as the limiting factor..
If E is determined to be a certain amount, then by solving the equation for E, it can be seen that This is for numerical data that has a mean and standard deviation

4 Looking at error as the limiting factor
Of a binomial distribution…using the same idea…

5 Looking at error as the limiting factor
Of a binomial distribution…using the same idea… and isolating n creates but…this implies we know p.

6 And if we don’t… Watch some algebra… Completing the square
And since p is between 0 and 1, the maximum overall value of the expression will be….

7 Therefore When we have no estimate for p use
Note: Some books say to take p and q as .5

8 Practice Suppose a candidate is planning a poll and wants to estimate voter support within 3% with 95% confidence. How large a sample is needed?

9 Round up to be safe Some books make the suggestion to use the Error equation and use .5 for phat and qhat for a “worst case scenario”. Notice that this works out the same way:

10 Round up to be safe Some books make the suggestion to use the Error equation and use .5 for phat and qhat for a “worst case scenario”. Notice that this works out the same way: Notice also that you don’t need a numerical formula to solve it. If you know the error formula, you have enough.


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